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Gold Silver and Euro Slipped on Monday– Recap September 10th

September 11, 2012

Major commodities traded in a mixed trend on the first day of the week: WTI and Brent oil price edged up; alternatively, gold and silver decreased yesterday; natural gas Henry Hub future (October delivery) bounced back and hiked by over 5%, while spot price decreased on Monday; the Euro also slipped on Monday. Many other currency pairs including the Aussie dollar/USD also declined.

Here is a summary of the daily changes in precious metals and energy commodities for September 10th, 2012:

Forex and Bullion Markets:

On Monday, gold declined by 0.5% to $1,731; Silver also decreasedby 0.17% to reach $33.63. During the month, gold increased by 2.62%; silver, by 6.97%.

On Monday,the Euro/USD also declined by 0.45% to 1.2759; further, the U.S Dollar also appreciated against several other currencies including Aussiedollar by 0.5%.

Energy Commodities:

WTI oil price increased yesterday by 0.12% to $96.54 per barrel;

Brent oil rose by 0.47% to $114.69 per barrel;

Following these changes, the difference between Brent and WTI rose to $18.15/bbl. During the month, WTI edged up by 0.07% while Brent oil slipped by 0.7%.

Finally, the Henry Hub future (October delivery) bounced back by 5.22% to $2.82/mmbtu; the Henry Hub spot fell to $2.66/mmbtu; the difference between the spot hiked to $0.16, contango.